Purchasing Managers' Index deteriorates in South Korea and Taiwan

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Source: Marketwatch
According to HSBC survey manufacturing outlook in Taiwan and South Korea contracted in December. HSBC's production Purchasing Managers' Index (PMI) for Taiwan firms was 47.1, remaining below 50 for a seventh consecutive month. PMI for South Korean companies was 46.40 which is the weakest reading in three years. Both economies suffer from large decline in new orders, said HSBC analysts.

 

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